Stock Watcher, Reports on IDBEF, TNRG & update on MATH...
1) IDBEF: you were right, while news of that caliber would have doubled an internet stock, they only moved that one 10% at the close. I bailed out at 1:00pm and will stick with internet related stocks in future.
2) TNRG: closed at .245, up 19.5% on 8,560 Mil. shares. I am surprised that it would make the Index, since it is, as you said yourself, a highly speculative penny stock. It could turn around anytime, at the whims of the MM's and burn a lot of unwary fingers.
3) MATH, on the other hand is a real money making stock, a leader in its area of activity, Internet related through its Web site: mathsoft.com. It has increased some 30% in value over the last 3 days. With a P/E of 23.5 it's less than 1/2 the comp/software industry average of 56. I just found that Thom Calendra gave it a good write up, on 27th January in CBS Stockwatch, calling it way undervalued. Based on last Quarter earnings of 10 cents/share, it is not too far fetched to expect 45 cents earnings for 1999, since the Company has an earning surprise record that range from + 20% to 100%.
We needs some solid stocks of that caliber to shore up the Index, in my humble opinion. Regards to all and good week end. F. Goelo + + + |
